The Benefits of using a Stop Loss in Crypto Trading
A Stop Loss is a common term used in trading that you may have heard.
Essentially, a Stop Loss is a set price or percentage of a price of an asset that when reached will automatically close your trade.
Did you know a Stop Loss also has additional benefits, such as:
🔹Protecting against “Lost Opportunity Cost”
🔹Sell for a small loss to buy more of the asset at a lower price (also known as a “Short”)
🔹Protecting your capital (particularly from Liquidation when Margin or Futures trading)
🔹And you can even trail your Stop Loss to achieve more profit while minimizing your risk
We’ll discuss these points above in further detail throughout this article.
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A Stop Loss is a common term used in trading that you may have heard.
Essentially, a Stop Loss is a set price or percentage of a price of an asset that when reached will automatically close your trade.
Did you know a Stop Loss also has additional benefits, such as:
🔹Protecting against “Lost Opportunity Cost”
🔹Sell for a small loss to buy more of the asset at a lower price (also known as a “Short”)
🔹Protecting your capital (particularly from Liquidation when Margin or Futures trading)
🔹And you can even trail your Stop Loss to achieve more profit while minimizing your risk
We’ll discuss these points above in further detail throughout this article.
Read article
Here's our digest with the hottest news:
Capitalization: $940 billion
Trading Volume (24h): $125 billion
BTC Dominance: 63.1%
BTC: 31,806$ (+0.35%)
🔹More than 99.5% of Ethereum investors are in profit now due to the second cryptocurrency's rapid growth. The figure rose from 2.78% in March.
🔹USDT transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. USDT ranks third in terms of market capitalization with a $24.9B valuation today.
🔹Nasdaq-listed Marathon Patent Group announced that it has purchased around 4,813 bitcoins for about $150 million. The company's CEO, Merrick Okamoto, believes bitcoin will be one of the most profitable assets in the long run.
🔹U.S. cryptocurrency exchange Coinbase now has over 43M verified users and manages more than $90 billion in assets.
🔹Bitmain co-founder, Jihan Wu, has left the company and will receive $600 million in compensation. After the settlement, Jihan will lead Bitmain's spin-off Bitdeer, which has mining farm operations in the U.S. and Norway.
#3C_digest
Capitalization: $940 billion
Trading Volume (24h): $125 billion
BTC Dominance: 63.1%
BTC: 31,806$ (+0.35%)
🔹More than 99.5% of Ethereum investors are in profit now due to the second cryptocurrency's rapid growth. The figure rose from 2.78% in March.
🔹USDT transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. USDT ranks third in terms of market capitalization with a $24.9B valuation today.
🔹Nasdaq-listed Marathon Patent Group announced that it has purchased around 4,813 bitcoins for about $150 million. The company's CEO, Merrick Okamoto, believes bitcoin will be one of the most profitable assets in the long run.
🔹U.S. cryptocurrency exchange Coinbase now has over 43M verified users and manages more than $90 billion in assets.
🔹Bitmain co-founder, Jihan Wu, has left the company and will receive $600 million in compensation. After the settlement, Jihan will lead Bitmain's spin-off Bitdeer, which has mining farm operations in the U.S. and Norway.
#3C_digest
Forwarded from Binance Announcements
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Notice of Removal of Trading Pairs - 2021-01-29
https://www.binance.com/en/support/announcement/f4d1a0da8d544b58b93ba4f0262117ce
https://www.binance.com/en/support/announcement/f4d1a0da8d544b58b93ba4f0262117ce
Here's our digest with the hottest news:
Capitalization: $964 billion
Trading Volume (24h): $164 billion
BTC Dominance: 62.7%
BTC: 32,337$ (+1.48%)
🔹Ark Investment Management CEO Cathie Wood said she doubts U.S. regulators will green-light a bitcoin exchange-traded fund before the original cryptocurrency's market cap hits $2 trillion.
🔹Grayscale Investments has filed to register five new trusts: Aave, Cosmos, Polkadot, Monero, and Cardano.
🔹Elrond's market cap exceeded $1B for the first time. Elrond also reports that the Maiar cryptocurrency wallet will be launched in the coming days.
🔹Coinbase Custody announced support for three assets: Elrond eGold (EGLD), Fantom (FTM), and NKN (NKN), each responding with at least 15% gains.
🔹Reddit announced a partnership with the Ethereum Foundation.
#3C_digest
Capitalization: $964 billion
Trading Volume (24h): $164 billion
BTC Dominance: 62.7%
BTC: 32,337$ (+1.48%)
🔹Ark Investment Management CEO Cathie Wood said she doubts U.S. regulators will green-light a bitcoin exchange-traded fund before the original cryptocurrency's market cap hits $2 trillion.
🔹Grayscale Investments has filed to register five new trusts: Aave, Cosmos, Polkadot, Monero, and Cardano.
🔹Elrond's market cap exceeded $1B for the first time. Elrond also reports that the Maiar cryptocurrency wallet will be launched in the coming days.
🔹Coinbase Custody announced support for three assets: Elrond eGold (EGLD), Fantom (FTM), and NKN (NKN), each responding with at least 15% gains.
🔹Reddit announced a partnership with the Ethereum Foundation.
#3C_digest
Forwarded from Binance Announcements
Forwarded from Binance Announcements
Withdrawals have now been reopened.
Thank you for your patience and welcome to all the new Binancians!
Thank you for your patience and welcome to all the new Binancians!
You asked, we listened!
3Commas has added the ability to trade Coin-M futures via Binance!
COIN-M futures have a margin and are calculated not in USDT, but in BTC/Alts.
A connected Binance COIN-M futures account gives you the perfect opportunity to trade COIN-M futures using our SmartTrade & DCA bots. Try it out today!
3Commas has added the ability to trade Coin-M futures via Binance!
COIN-M futures have a margin and are calculated not in USDT, but in BTC/Alts.
A connected Binance COIN-M futures account gives you the perfect opportunity to trade COIN-M futures using our SmartTrade & DCA bots. Try it out today!
Hey there! It's Monday... which means it's time to sum up and recap the past week and tell you all about the work the 3Commas team has done!
🔷 Extended the functionality of the SmartTrade section; added the ability to view the history of transactions without leaving the current page and made blocks with current orders and positions hidden.
🔷 We've enabled MetaMask Now you can seamlessly pay for your subnoscription in crypto in just a couple of clicks. It works if the corresponding extension is installed in the browser and the payment is made in ETH.
🔷 Updated the design of Ethereum and Ripple Trading Bots.
🔷 Added the ability to connect and trade Binance COIN-M in SmartTrade, Terminal, and DCA bots
🔷 Fixed some minor bugs.
🔷 Extended the functionality of the SmartTrade section; added the ability to view the history of transactions without leaving the current page and made blocks with current orders and positions hidden.
🔷 We've enabled MetaMask Now you can seamlessly pay for your subnoscription in crypto in just a couple of clicks. It works if the corresponding extension is installed in the browser and the payment is made in ETH.
🔷 Updated the design of Ethereum and Ripple Trading Bots.
🔷 Added the ability to connect and trade Binance COIN-M in SmartTrade, Terminal, and DCA bots
🔷 Fixed some minor bugs.
Polkadot: Building Web 3.0 from scratch
One of the main obstacles of solving blockchain networks’ scalability issues is their inefficiency in cross-communications. The problem of communication between blockchains is solved by creating and applying different bindings, such as sidechains, bridges, smart contracts interactions, atomic swaps, and other solutions.
In today’s article, we will talk about the Polkadot solution, which already provides interaction between different wallets, projects, tokens, oracles, and DeFi platforms. We’ll discuss what benefits the protocol offers, how it enables the communication between different blockchains, and how useful it can be in the context of blockchain technology development and decentralized finance expansion.
Read article
One of the main obstacles of solving blockchain networks’ scalability issues is their inefficiency in cross-communications. The problem of communication between blockchains is solved by creating and applying different bindings, such as sidechains, bridges, smart contracts interactions, atomic swaps, and other solutions.
In today’s article, we will talk about the Polkadot solution, which already provides interaction between different wallets, projects, tokens, oracles, and DeFi platforms. We’ll discuss what benefits the protocol offers, how it enables the communication between different blockchains, and how useful it can be in the context of blockchain technology development and decentralized finance expansion.
Read article
Here's our digest with the hottest news:
Capitalization: $1.09 trillion
Trading Volume (24h): $152 billion
BTC Dominance: 62.2%
BTC: 36,418$ (+7.11%)
🔹The largest US-based cryptocurrency exchange Coinbase plans to go for a Direct Public Listing (DPO) instead of an Initial Public Offering (IPO). The listing will take place on NASDAQ.
🔹MicroStrategy CEO, Michael Saylor, announced an additional purchase of 295 BTC worth $10 million at an average price of $33,808
🔹The Binance exchange announced a new product, Binance Pay (beta).
🔹Elon Musk has declared his support for bitcoin. Tesla CEO also added that bitcoin is on the verge of broad acceptance.
🔹There is more than $4 billion worth of ETH tokens locked on the Ethereum 2.0 deposit contract.
#3C_digest
Capitalization: $1.09 trillion
Trading Volume (24h): $152 billion
BTC Dominance: 62.2%
BTC: 36,418$ (+7.11%)
🔹The largest US-based cryptocurrency exchange Coinbase plans to go for a Direct Public Listing (DPO) instead of an Initial Public Offering (IPO). The listing will take place on NASDAQ.
🔹MicroStrategy CEO, Michael Saylor, announced an additional purchase of 295 BTC worth $10 million at an average price of $33,808
🔹The Binance exchange announced a new product, Binance Pay (beta).
🔹Elon Musk has declared his support for bitcoin. Tesla CEO also added that bitcoin is on the verge of broad acceptance.
🔹There is more than $4 billion worth of ETH tokens locked on the Ethereum 2.0 deposit contract.
#3C_digest
Forwarded from Binance Announcements
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Binance Will Delist BCPT, CMT, TNB & VIBE on 2021-02-10
https://www.binance.com/en/support/announcement/2b73a2f43b834897aadc60f049fdb6ab
https://www.binance.com/en/support/announcement/2b73a2f43b834897aadc60f049fdb6ab
Dear Traders,
We’ve been made aware of technical issues with the Kraken API.
During this time you may wish to monitor your trades on Kraken directly until they have resolved the error.
We will notify you once systems are fully operational and appreciate your understanding.
We’ve been made aware of technical issues with the Kraken API.
During this time you may wish to monitor your trades on Kraken directly until they have resolved the error.
We will notify you once systems are fully operational and appreciate your understanding.
Dear Traders,
Due to high trading volume there may be delays in trade execution. Please trade with caution and be sure to double check your positions on Binance!
Due to high trading volume there may be delays in trade execution. Please trade with caution and be sure to double check your positions on Binance!
The Graph is the best blockchain data structuring tool in the industry.
Read our most recent article to learn more about and how it solves the problem of data indexing in the blockchain.
Read article
Read our most recent article to learn more about and how it solves the problem of data indexing in the blockchain.
Read article
Here's our digest with the hottest news:
Capitalization: $1.1 trillion
Trading Volume (24h): $173 billion
BTC Dominance: 60.28%
BTC: 37,643$ (-0.99%)
🔹 PayPal CEO Daniel Schulman said that the company's customers would be able to use their crypto balance as a funding source while shopping with 29 million affiliated merchants.
🔹 Ethereum network transaction fees set a new record reaching $22.
🔹 Crypto exchanges Coinbase and Binance have become two of the top 1,000 most visited websites in the world. Coinbase is currently ranked 874 and Binance 839 worldwide on SimilarWeb.
🔹 Grayscale acquired another 24,796 ETH, worth $37.8 million in recent days. Trust's total value has now reached $4.5 billion.
🔹 Elrond announced the official launch of its digital wallet and global payments app, Maiar.
#3C_digest
Capitalization: $1.1 trillion
Trading Volume (24h): $173 billion
BTC Dominance: 60.28%
BTC: 37,643$ (-0.99%)
🔹 PayPal CEO Daniel Schulman said that the company's customers would be able to use their crypto balance as a funding source while shopping with 29 million affiliated merchants.
🔹 Ethereum network transaction fees set a new record reaching $22.
🔹 Crypto exchanges Coinbase and Binance have become two of the top 1,000 most visited websites in the world. Coinbase is currently ranked 874 and Binance 839 worldwide on SimilarWeb.
🔹 Grayscale acquired another 24,796 ETH, worth $37.8 million in recent days. Trust's total value has now reached $4.5 billion.
🔹 Elrond announced the official launch of its digital wallet and global payments app, Maiar.
#3C_digest
From The Olympics to NASCAR … Why is Dogecoin so Popular?
The recent events that led to the astronomical growth of Dogecoin (DOGE) have undoubtedly brought popularity to the coin itself and to the community that has formed around what has been referred to as a “meme-coin”. The cryptocurrency originally created for fun and the community that formed around it have greatly influenced the development and popularization of decentralization.
In today’s article, we will talk about the reasons behind the popularity of Dogecoin and consider the impact of the events that led to the astronomical growth of the coin throughout its existence.
Read article
The recent events that led to the astronomical growth of Dogecoin (DOGE) have undoubtedly brought popularity to the coin itself and to the community that has formed around what has been referred to as a “meme-coin”. The cryptocurrency originally created for fun and the community that formed around it have greatly influenced the development and popularization of decentralization.
In today’s article, we will talk about the reasons behind the popularity of Dogecoin and consider the impact of the events that led to the astronomical growth of the coin throughout its existence.
Read article
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